Loan between trusts

vendredi 20 mars 2015

I have a number of trusts all with the same corporate trustee of which I am the sole director. Each trust is a fixed unit trust and holds IP's and is done purely for land tax reasons not asset protection.



One property in a trust of its own is severely cashflow negative as it is a development site. Other trusts have an ongoing cash surplus.



Can a trustee loan money between trusts on a commercial basis with interest charged? The trust deeds allow borrowing/lending of funds.



Will ask the accountant but thought I would ask here too



Thanks

Dave

Loan between trusts

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